Post Utme Unn 2021 Economics Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Unn Economics examination.

Post Utme Unn 2021 Economics Objective / Multiple Choice
Question 37 POST_UTME_UNN • 2021 • ECONOMICS • objective
Post Utme Unn 2021 Economics Question 37 diagram

A monopolist faces a demand curve given by Q = 100 - 2P and a marginal revenue curve given by MR = 2P - 20. Find the profit-maximizing price and quantity.

Answer Options

A. ₦30
B. ₦40
Correct Answer C. ₦50
D. ₦60
Correct Answer
C
Correct Option:
₦50

About This Question

This is Post Utme Unn 2021 Economics Question 37. It is one of the objective questions from the 2021 Post Utme Unn Economics examination.

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